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4 Sep 2014
EUR/GBP little changed as BoE stays on hold
FXStreet (Córdoba) - EUR/GBP bounced off daily lows and erased intraday losses after the Bank of England decided to leave both the Bank Rate and the QE programme unchanged in September.
EUR/GBP barely reacted to the decision, as it was widely expected. The market will have to wait for the minutes to be published on Wednesday September 17 to see if the hawks of McCafferty and Weale managed to persuade any other members into hiking rates.
At time of writing, EUR/GBP is trading at the 0.7980 area, a few pips below its opening price, while focus turns now to the European Central Bank decision and the subsequent speech by Draghi.
EUR/GBP barely reacted to the decision, as it was widely expected. The market will have to wait for the minutes to be published on Wednesday September 17 to see if the hawks of McCafferty and Weale managed to persuade any other members into hiking rates.
At time of writing, EUR/GBP is trading at the 0.7980 area, a few pips below its opening price, while focus turns now to the European Central Bank decision and the subsequent speech by Draghi.